How much initial funding required for HDFC Savings Max account ?

[CreditLife]

What is the initial funding required to open HDFC Savings Max account ? Bank representative have asked for 5 lakhs initial funding but didn't find anything on the website.

Savings Max Account - Open Savings Max Account for Max Savings with HDFC Bank

HDFC Bank Offers Savings Max Account with Max Savings and high interest rate that helps you save more money. Apply Online to open your savings max account at HDFC Bank.

www.hdfcbank.com

 

[RkrRkr is verified member.]

What is the initial funding required to open HDFC Savings Max account ? Bank representative have asked for 5 lakhs initial funding but didn't find anything on the website.

Savings Max Account - Open Savings Max Account for Max Savings with HDFC Bank

HDFC Bank Offers Savings Max Account with Max Savings and high interest rate that helps you save more money. Apply Online to open your savings max account at HDFC Bank.

www.hdfcbank.com

You can open the HDFC saving max account with just 25K initial funding.The Average Monthly Balance (AMB) in the SavingsMax Account should be Rs. 25,000 or maintain requisite FD Relationship as per branch location.FD Relationship of Rs 1.50 lakh in Metro/ Urban location snd Rs 1 lakh in Semi Urban / Rural location

 

[CreditLife]

You can open the HDFC saving max account with just 25K initial funding.The Average Monthly Balance (AMB) in the SavingsMax Account should be Rs. 25,000 or maintain requisite FD Relationship as per branch location.FD Relationship of Rs 1.50 lakh in Metro/ Urban location snd Rs 1 lakh in Semi Urban / Rural location

Thanks bro

I wonder why they asked 5L cheque for initial funding

 

[RkrRkr is verified member.]

Thanks bro

I wonder why they asked 5L cheque for initial funding

Suggesting you two thing.Choose on of them.

First-Put request for account opening on twitter @HdfcBank_cares and mentioned all the conversation taht you have made with HDFC branch executive and ask them to send one executive who open your account with Optimum fund as per account variant.

Second-If you have that much fund (5Lac) then open the account with that fund and once account got operational withdraw the funds leaving just 25K in your account

 

[CreditLife]

Suggesting you two thing.

First-Put request for account opening on twitter @HdfcBank_cares and mentioned all the conversation taht you have made with HDFC branch executive and ask them to send one executive who open your account with Optimum fund as per account variant.

Second-If you have that much fund (5Lac) then open the account with that fund and once account got operational withdarw the r fund leaving just 25K in your account

Got it.
Thank you bro

 

[Lakshya Mahani]

I gave a cheque of 30k to open savings max account. The representative told me to give a cheque of 2 lakhs at least, I told him " aap account 30k ke cheque se khol rahe ho toh batao, nahi toh aur bhi tareeke hain mere pass", then he instantly agreed.

 

[iSaurabhSri]

Why don't you open bank account online? I am pretty sure he asked for deposit of 5L to open some FDs and other things in your name to meet his monthly targets.

 

[CreditLife]

I gave a cheque of 30k to open savings max account. The represent told me to give a cheque of 2 lakhs at least, I told him " aap account 30k ke cheque se khol rahe ho toh batao, nahi toh aur bhi tareeke hain mere pass", then he instantly agreed.

I tried to tell them that 5L initial funding is not required but they gave some silly reasons and I am not ready to argue with them so politely told them that I'll call them when I have 5L to end the conversation 😑

 

[CreditLife]

Why don't you open bank account online? I am pretty sure he asked for deposit of 5L to open some FDs and other things in your name to meet his monthly targets.

Bank representative has contacted me few days back so as a courtesy I have reached out. After the confirmation from rkr bro I have opened the account online 🚀

 

[RkrRkr is verified member.]

I tried to tell them that 5L initial funding is not required but they gave some silly reasons and I am not ready to argue with them so politely told them that I'll call them when I have 5L to end the conversation 😑

Complain the same to their Grievances Team regarding unethical practices by bank staff.Approach their grievances cell by visiting the link.

https://www.hdfcbank.com/personal/need-help/contact-us/grievance-call-us

 

[Bhaskar]

How much does online account opening require? Is 25k enough?

Bank representative has contacted me few days back so as a courtesy I have reached out. After the confirmation from rkr bro I have opened the account online 🚀

 

[RkrRkr is verified member.]

Bank representative has contacted me few days back so as a courtesy I have reached out. After the confirmation from rkr bro I have opened the account online 🚀

You alredy have opened the account or you want to open ?

 

[RkrRkr is verified member.]

If you have not opened the account yet then visit the link and open your hdfc saving max account online and once account gets activated do initial funding of 25k.After account opening you will get your welcom kit via bluedart courier containing Passbook,ATM,ChequeBook and booklet for product feature at your address.

Here is the link for HDFC saving max account online opening link.

Savings Max Account - Open Savings Max Account for Max Savings with HDFC Bank

HDFC Bank Offers Savings Max Account with Max Savings and high interest rate that helps you save more money. Apply Online to open your savings max account at HDFC Bank.

www.hdfcbank.com

 

[CreditLife]

How much does online account opening require? Is 25k enough?

Yes, 25k is enough

 

[CreditLife]

You alredy have opened the account or you want to open ?

Yes, video KYC has completed

 

[RkrRkr is verified member.]

If at any stage ,if you face any issue post here.

 

[hideaway]

Open the acct online
Select acct type as Savings Max
Select the same branch which you have been asked for 5L Cheque
complete the VKYC Process.

Your acct will get activated in some time if all is gone well.

Wait for a day or two. Transfer 25k to this acct via UPI or netbanking. That's it.

This was the process i have done. Haven't even gone to my branch even once.

 

[saucy]

I opened my account as a regular 10k.amb account.
Gave 10k as the initial deposit.

A few months later I visited the branch and filled a form for "savings max" upgrade. It got processed in a week.

 

[Patil007]

Thanks bro

I wonder why they asked 5L cheque for initial funding

No, Only 25K is required.

 

[panu24]

Open the acct online
Select acct type as Savings Max
Select the same branch which you have been asked for 5L Cheque
complete the VKYC Process.

Your acct will get activated in some time if all is gone well.

Wait for a day or two. Transfer 25k to this acct via UPI or netbanking. That's it.

This was the process i have done. Haven't even gone to my branch even once.

about me, I upgraded from saving to savings max offline. What I am interested to know here is, did online account opening gives option to enable/disable that auto sweep in /sweep out feature? Or its by default enabled?